Foursquare raises $41 Million in new financing round
Foursquare which has a 33 million-strong user base and the data they’ve fed it, has raised $41 Mn in a new round of investment.
The funding was provided by private-equity firm Silver Lake and existing investors Andreessen Horowitz, O’Reilly AlphaTech Ventures, Spark Capital, and Union Square Ventures.
The upside of this deal is that the funds will give Foursquare a chance to figure out how to monetize its user base. The downside is that they’re in the form of debt — not equity.
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